Did you have to close your business for a period of time and your business revenue reduced as a result of Hurricane Sandy?
You are eligible for low-interest loans from the government's primary source for funding, replacing and rebuilding businesses, non-profits, homes and apartments, through the U.S. Small Business Administration.
Rates go as low as 1.6 percent. However, one filing deadline comes Dec. 31.
- Businesses and non-profits up to $2 million can apply for physical property losses, real estate, machinery and equipment, inventory and other business assets. Deadline is Dec. 31, 2012.
- Small businesses and most private non-profits may apply for up to $2 million for "economic injury" for time you were closed, to help pay your fixed debt and salaries. No physical damages necessary to qualify. Interest Rates are as low as 3% for Non-Profit Organizations, 4 percent for businesses of any size. Loan repayment terms up to 30 years. Deadline is July 31, 2013.
For more information, visit U.S. Small Business Administration, Office of Disaster Assistance.